American daily newspaper focused on business and finance
The Department of Homeland Security has said Milo Yiannopoulos was detained by ICE at New Orleanss Louis Armstrong airport on 27 August and deported on 28 August after an immigration judge issued a final order of removal on 22 July for failing to appear at a hearing. DHS described him as an "illegal alien from the United Kingdom."
CIA Director John Ratcliffe has flown to Moscow for an unannounced meeting with Russian intelligence chief Sergey Naryshkin. Moscow says President Vladimir Putin was briefed but did not meet Ratcliffe. U.S. and Russian statements conflict over whether Ratcliffe warned Russia against attacking NATO allies or discussed restarting U.S.-mediated talks to end the war in Ukraine.
NATO-aligned forces are training Ukrainian troops in Poland under Operation Legio. The program emphasizes realism, including Ukrainian-led tactics, and aims to extract actionable lessons on drone use, terrain adaptation, and equipment matching for future Western deployments.
The Fauci diaries have intensified scrutiny of his handling of the COVID-19 pandemic. A Senate panel has voted to hold him in contempt for refusing to answer questions, while states push for records. Republicans argue for accountability; Democrats defend the former NIH director amid a renewed focus on origins, lockdowns, and media coverage.
Zoox has received a temporary NHTSA exemption that allows it to charge fares for its purpose-built robotaxis and will start paid rides in Las Vegas on Aug. 10. The company can deploy up to 2,500 vehicles annually for two years under enhanced federal oversight while state and local approvals remain required for expansion.
New York state officials have filed a state Supreme Court lawsuit against Kalshi, alleging the prediction market platform operates illegally without a Gaming Commission license, endangers consumers, and should forfeit gains and pay restitution and penalties. The action adds to a broader clash over how prediction markets are regulated between states and the federal government.
Apple has confirmed a September showcase focused on its high-end iPhone 18 Pro and Pro Max, with an all-new Ultra foldable expected. The base iPhone 18 will be delayed to spring 2027, while updates to AirPods and potential price adjustments are under discussion as supply- and component-cost pressures mount.
An appellate court in Brooklyn has stayed a Staten Island judge's temporary restraining order and briefly allowed New York City's new pied‑à‑terre surcharge rollout to resume while the city seeks an appeal. The lawsuit challenges the administration's notification and list release; the city has argued the pause would derail time‑sensitive implementation.
Rep. Max Miller has refused to withdraw from Ohio's 7th congressional race after his ex-wife accused him of domestic abuse and the House Ethics Committee opened an inquiry. Party leaders missed the deadline to replace him on the general-election ballot, and Democratic groups have moved to boost challenger Brian Poindexter with millions in ad spending.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Shipping through the Strait of Hormuz has ground toward a halt this weekend as a 60‑day ceasefire between the U.S. and Iran has reached its expiry and negotiations remain stalled. Kpler data shows single‑digit daily transits; Iran has repeated demands that the U.S. lift its naval blockade, remove sanctions and pay reparations, while the U.S. says it can maintain the blockade indefinitely and is planning further economic pressure.
Bumble has announced changes allowing either user to send the first message and extending the reply window to 72 hours, as part of a broader move by dating apps to combat user fatigue and lift engagement.
A federal judge has paused an order that would have forced the Donald J. Trump Revocable Trust to hand over detailed financial records to the BBC in a $10bn defamation suit. The stay will last while the court considers Trump’s request to amend his complaint to focus on personal reputational harm rather than business damages.
Families and lawmakers have raised alarms about living conditions and mental health aboard the USS Abraham Lincoln, which has been continuously at sea since November and has not made a port call for more than 240 days. Reports have cited food shortages, plumbing failures, water contamination and multiple attempted overboard incidents; senators have asked Defense Secretary Pete Hegseth for answers.
Wall Street and large investors have committed hundreds of billions to finance AI build-outs while equity indexes have hit record highs and volatility measures sit near year-to-date lows. That borrowing has pushed corporate credit costs higher and left highly leveraged players exposed: Situational Awareness has suffered a 67% one-month loss and sold much of its public book to Citadel.
Cambridge University is continuing an independent review into Jason Arday’s appointment and tenure after his resignation amid plagiarism allegations, with findings to inform how senior appointments are made. The memoir controversy and broader debate over diversity in academia remain central.
President Trump has signed an executive order directing federal health officials to cut the federal recommended childhood vaccine list, to split the combined MMR vaccine into separate measles, mumps and rubella doses once single‑disease products are available, and to space routine immunisations across separate medical visits. Public health groups and drugmakers have said the changes lack scientific support and will increase missed vaccinations during a major U.S. measles outbreak.
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The DOJ has dismissed felony and misdemeanor charges related to damage to the Reflecting Pool, citing flawed installation by the contractor as the cause rather than vandalism. Trump has criticized the decision, while defendants pursue remedies and further investigations.
Waymo has expanded its Ojai robotaxi rollout, adding more U.S. markets and plans to accelerate fleet growth. The company is integrating its sixth‑generation self‑driving system with Zeekr’s Ojai platform, aiming to reduce cost and improve safety as deployments accelerate globally.
Nvidia has enlisted six Wall Street firms to finance a $500 billion buildout of AI infrastructure, treating compute as a new asset class. The plan centers on financing data centers and GPU clusters for customers unable to pay upfront, with OpenAI-related projects and neoclouds in focus. Executives cite long-term value and revenue generation, while cautions focus on depreciation risk and China’s potential price competition.
The Intercept and Freedom of the Press Foundation have sued in federal court to block Truth Social’s Truth API, arguing the paid feed gives traders preferential access to the president’s market-moving posts and that selling prioritized access to official announcements violates the First and Fifth Amendments. Trump Media says the product is standard industry practice; the company has already signed institutional customers and reported large quarterly losses.
Instagram head Adam Mosseri has testified in a federal trial in Oakland where 29 US states accuse Meta of designing addictive features that harm children and violating child privacy laws. States are seeking large damages and structural changes; prosecutors have shown internal documents and low adoption of safety tools. Mosseri defended improvements and said some tools initially had low uptake.
Shippers including FedEx, UPS and DHL are distributing government tariff refunds to customers who paid duties direct. The process follows a Supreme Court ruling that struck down broad Trump-era tariffs and ordered refunds for money collected before the ruling. While about $100 billion has been refunded to companies, most Americans will not see direct refunds as most duties were paid indirectly.
Anthropic has reported surging run-rate revenue and is considering a public listing this fall. Investors are forecasting a multi-trillion-dollar valuation, while safety and regulatory concerns persist amid fierce competition with OpenAI and Chinese challengers.
The USS George Washington has left Da Nang and is relocating toward the Indian Ocean as the Lincoln remains in the Middle East, underscoring a sustained, high-pressure naval posture amid Iran-related operations and logistic strains aboard deployed carriers.
Dwindling MQ-9 Reaper stockpiles have escalated concerns over American drone warfare capabilities. The Washington Post reports 45 drones have been lost, with costs exceeding $1.3 billion, as Iran’s actions and the Ukraine conflict shape the battlefield. US officials caution that dwindling munitions are limiting options while drone warfare dominates current tactics.
England’s National Planning Policy Framework updates enable a default approval for homes within walking distance of well-connected rail and tram stations. The changes aim to accelerate housebuilding while protecting greenery and pubs with “golden rules.” Reactions span from praise for growth to concern about green belt protections.
Memory prices for DRAM and related chips have spiked as demand from AI-focused data centers, smartphones and consoles outpaces supply. Producers are locking up long-term memory supply, raising costs for consumer devices and cloud services. Apple is testing CXMT memory amid broader price pressures.
Prime Minister Andy Burnham has exchanged a small number of messages with someone impersonating White House chief of staff Susie Wiles, officials have said. Downing Street has declined to comment on national security grounds. The British embassy in Washington has raised the incident with the White House and the messages were reported as suspicious.
Au Vodka, the Swansea-based RTD vodka brand known for its gold bottles, is nearing a sale to Sazerac. Founders Charlie Morgan and Jackson Quinn are expected to net over £100m each. The deal, first reported by Sky News, would deepen Sazerac’s UK footprint and follows Au Vodka’s rapid growth and US expansion.
Walmart has announced it is directing tariff refunds toward price cuts and improved customer experiences. US comparable sales have slowed, though the company reports a continued lift from rollbacks and investments in groceries and essentials. Analysts warn profits may face headwinds from fuel costs and automation spending amid uneven consumer demand.
The 60-day window for a comprehensive Iran-US peace deal has expired. Talks over reopening the Strait of Hormuz remain unsettled as both sides accuse the other of violations. Trump has publicly claimed a backchannel with Iran’s IRGC, while Iran and Oman pursue a route to restore shipping lanes.
OpenAI is accelerating its Ohio data-center project with backing from Nvidia and SB Energy. The agreements would add up to 10 gigawatts of compute capacity by 2028, supporting thousands of jobs and a large-scale power and grid investment. Details vary across reports from Bloomberg and CNBC.
The USS Abraham Lincoln has left the Middle East and has begun its journey back to San Diego after a record continuous deployment of more than 250 days. Thai officials have confirmed a brief port visit next week to allow the roughly 5,000 sailors and Marines to rest and receive logistical support amid reports of supply shortages and declining morale aboard the ship.
California and 11 other states have filed suit to block Paramount's $110 billion merger with Warner Bros. Discovery, arguing it would reduce competition and raise prices. A new round of talks has been underway, with a focus on structural remedies; state officials say robust concessions are required, while Paramount warns of ticking fees and potential relocation pressures.
The Treasury has expanded debt buybacks and is extending short-term borrowing to manage a growing U.S. debt burden. Analysts warn the strategy addresses near-term costs but leaves the longer-term inflation and funding challenges unresolved as corporate debt rises and global buyers pull back.
Multiple crashes have sparked renewed scrutiny of air-traffic staffing and practices. Reports indicate some controllers left shifts early, drawing timecard fraud allegations and disciplinary action. Investigations continue as authorities assess staffing, safety protocols, and the impact on airspace operations.
A series of reports shows Colorado marmots fattening up for winter as Fat Marmot Week launches to raise funds for long-running marmot research amid federal funding cuts. Last winter’s low snowpack increased marmot deaths and shifting social dynamics are visible in alpine colonies across the region.
Stars and Stripes has dismissed editor-in-chief Erik Slavin, publisher Max Lederer and reporter Lara Korte after the Pentagon issued notices of separation citing insubordination. The journalists have filed a First Amendment lawsuit in Washington, DC, arguing the department is attempting to curb the paper's editorial independence after recent disputes over coverage and management changes.
The Iran-US-Israel conflict has intensified as sanctions and a naval blockade deepen economic strains. Tehran defends a 60-day MoU, while neighboring states face pressure and potential retaliation as the conflict drags on.
Good Good Golf has removed staff responsible for a Callaway ad that showed co‑founder Garrett Clark shoving Alexis Miestowski and has apologised. Callaway has ended the partnership, retailers and broadcasters have pulled support, and the PGA Tour has accepted Good Good’s decision to step away from its November title sponsorship while it reviews the situation.
Union members have rejected a tentative deal, prompting renewed negotiations as labor tensions intensify across the tech sector and manufacturing. Reports indicate the rejection will delay agreement, heightening pressure on employers to offer better terms.
Britain has granted Kyiv access to blueprints for UK-made Storm Shadow components to produce the missile domestically. Russia has warned that London’s moves amount to “fuel to the fire,” and says bases in Europe could be targeted in retaliation. The Guardian, Independent, BBC and Al Jazeera report closely on the evolving tensions as Kyiv deepens its defense production.
American and United announce a wave of new international routes, leveraging the Airbus A321XLR to open long-haul, high-yield destinations. United aims to bolster JFK access; American revives Reykjavik and adds Melbourne? actually not. The coverage notes CEO quotes and potential mergers remain speculative.
The US Treasury has announced the government has doubled long-dated bond purchases, aiming to push yields lower as inflation fears persist. Analysts warn intervention could be inflationary and risk public trust, while gold prices rise as the dollar weakens. The debate intensifies over the government’s ability to finance debt and the long-term impact on liquidity.
OpenAI has seen a wave of high-level departures as the company reorganizes its infrastructure team and weighs an IPO. Executives leaving include Chris Malone, Fidji Simo, Brad Lightcap, Denise Dresser, and others, while Greg Brockman consolidates leadership over infrastructure and product.
President Donald Trump has submitted a 30-year civil nuclear agreement with Saudi Arabia to Congress, starting a 90-day review. The deal would allow U.S. firms to export civilian nuclear technology and build AP1000 reactors. The White House says the pact will only move forward if Riyadh normalises relations with Israel under the Abraham Accords.
Druckenmiller has used AI to craft his Wall Street Journal op-ed criticizing Scott Bessent’s bond-buyback strategy. Publications defend or fault the move as AI-generated text prompts questions about authorship, credibility, and the role of AI in journalism.
Meta has agreed to a settlement with state attorneys general that will require sweeping changes to Instagram and Facebook and pay up to $18 billion over a decade. The deal, filed during a federal trial in Oakland, includes default limits for under-18s, overnight blocks, hidden like counts, tighter age checks and new parental controls.